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Bitcoin: the 21st century Betamax?

Bitcoin: the 21st century Betamax?

Post Date 29 March 2017 Author


If you’re under 40 years old, you can be forgiven for asking: what in the hell is Betamax? It’s a good question, because this brand of video cassette fell spectacularly from its pedestal despite being the first of its kind to market. If you’re under 25, feel free to also ask: what in the hell is a video cassette?! Allow me to fill in the gaps.

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Bitcoin's choking, and dinner is served

Bitcoin's choking, and dinner is served

Post Date 16 March 2017 Author


As bitcoin lurches from crisis to controversy and back – again – here I am writing another soap opera review that would put Eastenders to shame. Bitcoin is in gridlock, Reddit’s gloves are off, and everyone’s paying for it with long delays and exponentially rising fees that just hand more power to the miners (whose attitudes and tribalism seem not insignificant in perpetuating the block size melodrama – coincidence?) Dinner is served, but only at the captain’s table.

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As SEC deadline looms, could the Winklevoss ETF be about to sink?

As SEC deadline looms, could the Winklevoss ETF be about to sink?

Post Date 28 February 2017 Author


I’ll be honest with you: I’m not sure I like the idea of boys in striped jackets trading bitcoin on the open stock market, without ever having to find out how, where and why to invest in the project. Part of bitcoin’s appeal for so many of us is its ideology – taking currency outside of traditional channels and into the hands of the communities who use it. From this perspective the Winklevoss brothers are potential usurpers, rogue agents whose agenda is the corporatisation of bitcoin. Can you believe these guys?!

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Bitcoin's Chinese Squeeze

Bitcoin's Chinese Squeeze

Post Date 12 February 2017 Author


As China seeks to stem its capital outflows and counter the Yuan’s falling exchange rate, bitcoin has once again come under official scrutiny. The People’s Bank of China (PBOC) met with representatives from leading exchanges BTCC, OKCoin and Huobi urging their compliance with the country’s financial rules and regulations. Additionally, PBOC also demanded an end to margin trading, and a flat 0.2% trading fee was applied across the board. Trading volumes proceeded to crash by up to 90% nationwide.

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Bitcoin price in 2017 – hyper, or just hype?

Bitcoin price in 2017 – hyper, or just hype?

Post Date 31 January 2017 Author


January always feels like such a long month. Here we are, still not quite at the end, and already new year’s day feels like half a year ago. And time marches even more swiftly in the world of bitcoin. With its epic price rally over the new year break, the inevitable comedown was a true January reality check, along with the Christmas credit card bill and shattered new year resolutions. But, according to the Biterati, there’s every reason to be cheerful. This year’s price predictions are practically effervescent. So forget Brexit and Trump for a few minutes and let’s have a few reasons to be cheerful.

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